News

Fidelity National Information Services said it has acquired AssetExchange.

MBNA Canada, a credit-card issuing unit of Bank of America, is buying CUETS, the largest MasterCard issuer for credit unions in Canada.

David Kennedy was selected by the Board of Directors at the University of Kentucky Federal Credit Union here to be its new chief executive officer. Kennedy's first CEO position comes after a 17-year career in credit unions, most recently as Senior Executive of Business Development for SELCO Community Credit Union...

The Government Accountability Office study released today found that banks wrote off more than $100 billion off their taxes in 2004 and took tax credits of another $6 billion.

John M. Floyd & Associates has acquired fraud detection firm Vigilance Financial Systems, LLC.

Mark E. Kasson, former CEO of the Credit Union Group Credit Union, accepted a plea bargain, acknowledging guilt for making false entries to the CU's records just before a state and NCUA exam was to take place.